SAN ANTONIO, Oct. 28, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended September 30, 2014. Highlights include: Production Services Segment generated record revenue of $145.2 million in the third quarter, up 10% from the prior quarter. Well servicing rigs achieved a 101% utilization rate and an average hourly rate of $661. Drilling rig [...]
SAN ANTONIO, Oct. 7, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it will release its third quarter 2014 financial results before the market opens on Tuesday, October 28. In conjunction with the release, Pioneer has scheduled a conference call that will be broadcast live over the Internet the same day starting at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Investors may access the [...]
SAN ANTONIO, Sept. 25, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) announced that the Company's management will be participating in the Johnson Rice 2014 Energy Conference to be held September 29 – October 1, 2014 in New Orleans. Wm. Stacy Locke, President and Chief Executive Officer, will make a presentation at 2:05 p.m. Central Time on Monday, September 29. The presentation will provide an update on the [...]
SAN ANTONIO, Sept. 23, 2014 /PRNewswire/ -- Pioneer Energy Services Corp. ("Pioneer") (NYSE: PES) announced today the redemption of the remaining $125,000,000 in aggregate principal amount of its 9 7/8% Senior Notes due 2018 (CUSIP No. 723655AB2) (the "Notes"). The Notes were issued pursuant to an Indenture, dated as of March 11, 2010 (as supplemented and in effect, the "Indenture"), among the Company, as issuer, the [...]
SAN ANTONIO, Sept. 23, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it has amended its existing revolving credit facility. The new agreement provides Pioneer with a $350 million, five-year, senior secured revolving credit facility, which represents an increase of $100 million in total potential borrowing capacity over the Company's previous facility. The new agreement also provides a [...]
FORT WORTH, Texas, Sept. 17, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today that it has completed the acquisition of substantially all of the assets of Pioneer Fishing and Rental ("PFR"), a division of Pioneer Energy Services (NYSE: PES) ("Pioneer"), for total cash consideration of approximately $16 million. PFR operates its rental and fishing tool business from locations in [...]
SAN ANTONIO, July 31, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended June 30, 2014. Highlights include: Production Services Segment revenue was $132.3 million in the second quarter, up 9% from the prior quarter. Well servicing rigs achieved a 101% utilization rate and an average hourly rate of $648. Drilling rig utilization is currently [...]
SAN ANTONIO, July 10, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it will release its second quarter 2014 financial results before the market opens on Thursday, July 31. In conjunction with the release, Pioneer has scheduled a conference call that will be broadcast live over the Internet the same day starting at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Investors may participate [...]
SAN ANTONIO, May 1, 2014 /PRNewswire/ -- Pioneer Energy Services Corp. ("Pioneer") (NYSE: PES) announced today the completion of the previously announced redemption of $200,528,000 in aggregate principal amount of its 9?% Senior Notes due 2018 (CUSIP No. 723655AB2) (the "Notes"). The Notes were redeemed at a redemption price equal to 104.938% of the principal amount thereof, plus accrued and unpaid interest on the Notes [...]
SAN ANTONIO, April 29, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended March 31, 2014. Highlights include: Production Services Segment revenue was $121.1 million in the first quarter, up 8% from the prior quarter. Well servicing rigs achieved a 95% utilization rate and an average hourly rate of $645. Drilling Services Segment margin per day [...]
SAN ANTONIO, April 3, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it will release its first quarter 2014 financial results before the market opens on Tuesday, April 29, 2014. In conjunction with the release, Pioneer has scheduled a conference call that will be broadcast live over the Internet the same day starting at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Investors may [...]
SAN ANTONIO, April 3, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it will release its first quarter 2014 financial results before the market opens on Tuesday, April 29, 2014. In conjunction with the release, Pioneer has scheduled a conference call that will be broadcast live over the Internet the same day starting at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Investors may [...]
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